Business Analytics and Development Consultant

What youll be doing

• Evaluate opportunities to enhance Varo Bank’s consumer banking and payment services with a focus on commercial impact and customer value. 
• Analyze data and build sophisticated financial models and conduct in-depth quantitative analysis to influence product and service enhancements. 
• Analyze payments products with a focus on interchange dynamics, including revenue drivers and cost factors affecting profitability. 
• Develop deep insights into interchange economics and their impact on Varo’s overall financials, identifying opportunities to optimize revenue and cost of interchange at the utmost detailed level. 
• Collaborate with cross-functional teams to align payments and banking strategies with more granular commercial goals. 
• Produce strategic decks to communicate analysis, insights, and recommendations to senior leadership, ensuring compelling and data-driven storytelling. 
• Extract and analyze raw data using SQL and Tableau to provide actionable insights for product  and business decisions. 
• Contract Details: multi-month contract position with Varo Bank to work directly with the Chief Banking Officer of Varo. 

Youll bring the following required skills and experiences

• Payments Industry Expertise.
• Deep understanding of financial and technical aspects of debit and credit payments, specifically interchange revenue as well as cost lever. 
• Retail banking and consumer products experience with focus on, including digital banking, checking, and savings. 
• Quantitative Analysis: Proficient in building advanced financial models and performing detailed forecasting and sensitivity analysis for product and payments decisions and optimizations. Strategic Deck Production: Producing high-quality strategic presentations, making recommendations based on data analysis, and effectively communicating insights as proposals to senior stakeholders as well as the wider bank. 
• Technical Proficiency: Advanced skills in SQL for data extraction, Tableau for data visualization, and Excel for financial modeling. 
• Business Development Focus: Strong commercial focus on maximizing revenue and enhancing customer experience through product and service enhancements. 
• Strategy Consulting Experience: Prior Experience in strategy consulting (e.g., McKinsey, BCG, Bain) is a big plus, particularly deep exposure to the financial services and payments sectors with knowledge of the consumer fintech space 
• Hands-on Approach: Willingness to roll up sleeves and dive deep into working with data, perform detailed analysis, and translate findings into strategic recommendation proposals. 
• Ideal Candidate Profile: 5+ years of experience in business development, financial analysis,  strategy consulting, with a focus on consumer banking and payments industry. Demonstrated deep expertise in consumer banking products, interchange dynamics, and previous instances of optimizing revenue and costs. 
• Proven ability to produce compelling strategy decks and recommendations based on thorough quantitative analysis.
• Previous experience in a top-tier consulting firm with a focus on FinTech, wider financial services and payments sectors is highly desirable.